🔨 Auctions of nicknames in Telegram: background

🔨 Auctions of nicknames in Telegram: background

The auction market is being created practically from scratch, and you can became part of it: @gambling nickname will be auctioned on 13.12.2024, and if you are interested in buying it, please contact @affivc to be added to the preliminary list of participants.

The cool thing about the auction theme is that this market is still brand new and hasn't really taken shape yet – in fact, according to the data displayed on Fragment, all the top onchain auction deals took place shortly after the feature went live and haven't been updated since... The feature itself was launched at the end of October 2022.

The most common format at the moment is an onchain auction directly on Fragment, where the cryptocurrency TON must be used between the parties. Since the ownership transfer process is owner-dependent, it is possible to conduct offchain transactions: in other words, only the nickname transfer is visible on TON's network, and the settlement of the acquisition takes place outside of it.

Keep in mind that by early November 2022, TON's exchange rate was at 1.6 USD.

Continuation follows.

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